4//SEC Filing
ROBERTSON CORBIN J JR 4
Accession 0001171486-24-000053
CIK 0001171486other
Filed
Feb 19, 7:00 PM ET
Accepted
Feb 20, 4:10 PM ET
Size
18.6 KB
Accession
0001171486-24-000053
Insider Transaction Report
Form 4
ROBERTSON CORBIN J JR
DirectorChairman and CEO10% Owner
Transactions
- Exercise/Conversion
COMMON UNITS
2024-02-15+73,529→ 697,682 total(indirect: BY QUINTANA HOLDINGS LP) - Tax Payment
COMMON UNITS
2024-02-15$86.91/sh−28,934$2,514,654→ 668,748 total(indirect: BY QUINTANA HOLDINGS LP) - Exercise/Conversion
PHANTOM UNITS
2024-02-15+18,235→ 0 total→ COMMON UNITS (18,235 underlying) - Exercise/Conversion
PHANTOM UNITS
2024-02-15+28,076→ 28,076 total→ COMMON UNITS (28,076 underlying) - Exercise/Conversion
PHANTOM UNITS
2024-02-15+27,218→ 54,439 total→ COMMON UNITS (27,218 underlying)
Holdings
- 1,727,986(indirect: By Partnership)
COMMON UNITS
- 156,000(indirect: BY NRP (GP) LP)
COMMON UNITS
- 11,021(indirect: BY WESTERN POCAHONTAS CORPORATION)
COMMON UNITS
- 5,293(indirect: BY GNP MANAGEMENT CORPORATION)
COMMON UNITS
Footnotes (9)
- [F1]Common units were issued upon conversion of phantom units previously awarded under the issuer's long-term incentive plan ("LTIP") as further described in notes (7), (8) and (9) below.
- [F2]Quintana Holdings LP is a limited partnership controlled by the reporting person. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- [F3]The general partner of Western Pocahontas Properties Limited Partnership is Western Pocahontas GP LLC, a limited liability company controlled by the reporting person. The reporting person also holds indirect limited partner interests in Western Pocahontas Properties Limited Partnership. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- [F4]The general partner of NRP (GP) LP is GP Natural Resource Partners LLC, which is wholly owned by Robertson Coal Management, a limited liability company controlled by the reporting person. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- [F5]The reporting person is the controlling shareholder of Western Pocahontas Corporation and disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- [F6]The reporting person is the controlling shareholder of GNP Management Corporation and disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- [F7]Phantom units representing the right to receive common units on a one-for-one basis, together with tandem distribution equivalent rights, were awarded in February 2021 under the issuer's LTIP. One-third of the phantom units vested on the third anniversary of the grant date and converted into common units on the reporting date. Accrued quarterly distributions made during the vesting period were paid in cash to the reporting person on the reporting date.
- [F8]Phantom units representing the right to receive common units on a one-for-one basis, together with tandem distribution equivalent rights, were awarded in February 2022 under the issuer's LTIP. One-third of the phantom units vested on the second anniversary of the grant date and converted into common units on the reporting date. Accrued quarterly distributions made during the vesting period were paid in cash to the reporting person on the reporting date. The remaining phantom units under the 2022 award will vest on the third anniversary of the grant date.
- [F9]Phantom units representing the right to receive common units on a one-for-one basis, together with tandem distribution equivalent rights, were awarded in February 2023 under the issuer's LTIP. One-third of the phantom units vested on the first anniversary of the grant date and converted into common units on the reporting date. Accrued quarterly distributions made during the vesting period were paid in cash to the reporting person on the reporting date. The remaining phantom units under the 2023 award will vest in substantially equal installments on the second and third anniversaries of the grant date.
Documents
Issuer
NATURAL RESOURCE PARTNERS LP
CIK 0001171486
Entity typeother
Related Parties
1- filerCIK 0001194888
Filing Metadata
- Form type
- 4
- Filed
- Feb 19, 7:00 PM ET
- Accepted
- Feb 20, 4:10 PM ET
- Size
- 18.6 KB